System and method for providing a user-loadable stored value card

ABSTRACT

A system and method in accordance with example embodiments may provide a user-loadable stored value card. Additionally, a system and method in accordance with example embodiments may allow an institution to receive a user-loadable stored value card activation request from a sender, activate a user-loadable stored value card using the information received in the activation request, and provide card management capabilities to the sender.

CROSS-REFERENCE TO RELATED APPLICATIONS

This application is a continuation of, and claims priority under 35U.S.C. § 120 to U.S. patent application Ser. No. 16/244,300, filed Jan.10, 2019, which is a continuation of U.S. patent application Ser. No.15/663,278, now U.S. Pat. No. 10,540,650, filed on Jul. 28, 2017, whichis a continuation of U.S. patent application Ser. No. 14/191,994, nowU.S. Pat. No. 9,754,252, filed Feb. 27, 2014, which claims priority toU.S. Provisional Patent Application No. 61/769,844, filed on Feb. 27,2013, the entire contents of which are fully incorporated herein byreference.

FIELD OF THE DISCLOSURE

The present disclosure relates to systems and methods for providing auser-loadable stored value card.

BACKGROUND OF THE DISCLOSURE

Stored-value cards currently are either pre-loaded and activated by anissuer or an issuer's agent, or loaded at the time of issuance/purchaseby an issuer or an issuer's agent. Typically, these cards can beredeemed for merchandise at a specific merchant, utilized on a creditcard network, or loaded to a proprietary network.

The purchaser of the card has no control over the card once it leavestheir possession. For this reason, control of fraud, and potentialescheatment are difficult to manage. It also is difficult to know if therecipient of the card has used the card.

These and other drawbacks exist.

SUMMARY OF THE DISCLOSURE

Various embodiments provide systems and methods for activating andredeeming a user-loadable stored value card. The system includes one ormore computer processors that receives, via a network, a user-loadablestored value card activation request from a sender, an institutiondatabase that stores information about the user-loadable stored valuecard associated with the activation request, a processor that activatesthe user-loadable stored value card using the information received inthe activation request, and a management module that provides cardmanagement capabilities to the sender.

The method includes receiving, via a network, a user-loadable storedvalue card activation request from a sender, storing information aboutthe user-loadable stored value card associated with the activationrequest in a institution database, activating the user-loadable storedvalue card using the information received in the activation request, andproviding card management capabilities to the sender.

BRIEF DESCRIPTION OF THE DRAWINGS

Various embodiments of the present disclosure, together with furtherobjects and advantages, may best be understood by reference to thefollowing description taken in conjunction with the accompanyingdrawings, in the several Figures of which like reference numeralsidentify like elements, and in which:

FIG. 1 depicts an example embodiment of a system implementing auser-loadable stored value card according to an example embodiment;

FIG. 2 depicts an example embodiments of a system providing networkservices according to an example embodiment;

FIG. 3 depicts an example embodiment of a method utilizing auser-loadable stored value card according to an example embodiment;

FIG. 4 depicts an example embodiment of a user-loadable stored valuecard according to an example embodiment; and

FIG. 5 depicts an example stored value card network according to anexample embodiment.

DETAILED DESCRIPTION OF THE EMBODIMENTS

The following description is intended to convey a thorough understandingof the embodiments described by providing a number of specific exampleembodiments and details involving systems and methods for providing auser-loadable stored value card. It should be appreciated, however, thatthe present disclosure is not limited to these specific embodiments anddetails, which are exemplary only. It is further understood that onepossessing ordinary skill in the art, in light of known systems andmethods, would appreciate the use of the invention for its intendedpurposes and benefits in various embodiments, depending on specificdesign and other needs. A financial institution and system supporting afinancial institution are used as examples for the disclosure. Thedisclosure is not intended to be limited to financial institutions only.

According to the various embodiments of the present disclosure, systemsand methods enable a user-loadable stored value card. A user-loadablestored-value card may contain funds that can be claimed by a secondindividual and deposited into an institution account by direct transferor ACH. For example and not by way of limitation, the initiator and/orpurchaser of the card may be permitted to self-manage the value andsecurity associated with the card to manage fraud, escheatment, andother funding issues. Also, predefined paired keys may be used to managethe relationship between the initiator of the transaction and therecipient of the card. These keys may be represented by an alphanumericcode, bar code, QR code or a similar machine readable format.

In an example embodiment, systems and methods may be provided usingpaired keys to manage the behaviors between a sender and a recipient ofthe card. For example and not by way of limitation, each half of aloadable card may contain an obscured key. A sender may reveal the key,log onto their institution account and select to load the card. Thesender may enter or scan the key and the amount of money to be loaded tothe card. The sender will then deliver a recipient half of the card to adesignated individual. The recipient of the card will go to a website ofthe institution which is publicly available. The recipient will revealthe key on their half of the card. The recipient will enter or scantheir key into the website, along with their institution routing numberand account number. By utilizing a QR code or similar technology, theURL for the recipient to pick up the funds may be combined with theirunique pickup key to allow a one-click pickup initiation from asmartphone. Recipients will then provide their account routinginformation through manual entry or image capture of a personal check,credit card or debit card. Funds will be sent to the recipient accountvia ACH or card association channels.

In an example embodiment, the card may be safeguarded by additionalsecurity measures. For additional security, the sender may define asecond password or key that may be delivered to the recipient through asecond, alternate channel. The delivery mechanism may be verbal, inperson of via phone, email, SMS, website, or any other mechanism.

In an example embodiment, the systems and methods may provide forconsumer control of stored-value cards. For example and not by way oflimitation, the institution may leverage the paired keys of the cards,which may allow the institution to understand the otherwise anonymousrelationship between the send and recipient of a card. Prior to the cardbeing deposited and funds transferred, the originator may be permittedto cancel the card and request the funds be returned to their account.When a request for deposit of the card has occurred, the sender may benotified via email, SMS, or other communication method of the pick-upand who is picking it up. They will be able to stop the final transferof funds prior to the ACH file being generated.

In an example embodiment, the user-loadable stored value card mayfunction as a medium to transfer funds to a second party. Also, theuser-loadable stored value card may be capable of functioningindependent of Check 21 systems or in clearing requirements. Theuser-loadable stored value card may function as a physical component toenable a peer to peer funding transaction. For example, theuser-loadable stored value card may not require exchange of any personaldata between parties.

In an example embodiment, a sender may activate a card. For example, thesender may scratch off a card activation code and enter or scan the codeinto an institution web site. The sender may define an amount, anoptional passphrase, and an optional note. The sender may thenoptionally fill out the card or a portion of the card before providingthe card to recipient.

In an example embodiment, a recipient may desire to redeem auser-loadable stored value card. For example, a recipient may visit aweb site associated with the institution to redeem the card. A recipientmay first scratch off pickup key and provide the key to an institutionor other third party. The recipient may also enter the optionalpassphrase. Upon entry and submission of the relevant information, therecipient may be permitted to deposit the card, optionally usingexisting peer to peer payment systems to process the deposit.

In an example embodiment, the physical card may be a single card, or acard which may be separated into two parts. The card may provide spacefor branding messages. For example, an institution may produce multipleversions of cards—(e.g. “gift”, “check”, “money”), vary images, give outpre-loaded cards for promotions, provide referral bonuses, etc.

In an example embodiment, the user-loadable stored value card mayleverage existing peer to peer transaction infrastructure, withadditional mechanism to activate and load funds onto cards andinfrastructure to create and manage card keys. The institution may alsoprovide a public web site for card pickup and/or redemption.Additionally, an institution may optionally create mobile interface toload and activate cards. For example, mobile interface could becompatible with an iPhone, iPod, iPad from Apple® or any other mobiledevice running Apple's iOS operating system, any device running Google'sAndroid® operating system, any device running Microsoft's Windows®Mobile operating system, and/or any other smartphone or like device.

In an example embodiment, an institution may limit a user-loadablestored value card value. Additionally, the sender or other party mayactivate, cancel, or otherwise restrict a card, and may optionally do soeven after issuance. Additionally, the institution may stop the fundstransfer through normal procedures. Also, the system may require that aparty attempting to redeem a user-loadable stored value card to haveaccess to both physical cards and the institution's system. Also, thesender may add a passphrase for added security.

FIG. 1 depicts an example system 100 for use with a user-loadable storedvalue card. System 100 may include a customer 102, user-loadable storedvalue card 104, a network 106, and an institution 108. One or morecustomers 102 may be in communication with the system. The customer maydesire to provide funds to another party. The customer 102 may obtain auser-loadable stored value card 104, which the customer may activatethrough the institution 108 via a network 106.

Network 106 may enable communication between an institution 108 and oneor more customers 102. For example, Network 106 may be one or more of awireless network, a wired network or any combination of wireless networkand wired network. For example, network 108 may include one or more of afiber optics network, a passive optical network, a cable network, anInternet network, a satellite network, a wireless LAN, a Global Systemfor Mobile Communication (“GSM”), a Personal Communication Service(“PCS”), a Personal Area Network (“PAN”), Wireless Application Protocol(WAP), Multimedia Messaging Service (MMS), Enhanced Messaging Service(EMS), Short Message Service (SMS), Time Division Multiplexing (TDM)based systems, Code Division Multiple Access (CDMA) based systems,D-AMPS, Wi-Fi, Fixed Wireless Data, IEEE 802.11b, 802.15.1, 802.11n and802.11g or any other wired or wireless network for transmitting andreceiving a data signal.

In addition, network 106 may include, without limitation, telephonelines, fiber optics, IEEE Ethernet 902.3, a wide area network (“WAN”), alocal area network (“LAN”), or a global network such as the Internet.Also network 106 may support an Internet network, a wirelesscommunication network, a cellular network, or the like, or anycombination thereof. Network 106 may further include one network, or anynumber of the exemplary types of networks mentioned above, operating asa stand-alone network or in cooperation with each other. Network 106 mayutilize one or more protocols of one or more network elements to whichthey are communicatively coupled. Network 106 may translate to or fromother protocols to one or more protocols of network devices. Althoughnetwork 106 is depicted as a single network, it should be appreciatedthat according to one or more embodiments, network 106 may comprise aplurality of interconnected networks, such as, for example, theInternet, a service provider's network, a cable television network,corporate networks, and home networks.

FIG. 2 depicts an example system 200 that may enable an institution, forexample, to provide network services to its customers. For example,system 200 may enable a financial institution to provide user-loadablestored value cards as described herein. System 200 also may enablesenders and recipients to manage user-loadable stored value cards. Asshown in FIG. 2, system 200 may include a client device 202, a network204, a front-end controlled domain 206, a back-end controlled domain212, and a backend 218. Front-end controlled domain 206 may include oneor more load balancers 208 and one or more web servers 210. Back-endcontrolled domain 212 may include one or more load balancers 214 and oneor more application servers 216.

Client device 202 may be a network-enabled computer: As referred toherein, a network-enabled computer may include, but is not limited to:e.g., any computer device, or communications device including, e.g., aserver, a network appliance, a personal computer (PC), a workstation, amobile device, a phone, a handheld PC, a personal digital assistant(PDA), a thin client, a fat client, an Internet browser, or otherdevice. The one or more network-enabled computers of the example system200 may execute one or more software applications to enable, forexample, network communications.

Client device 202 also may be a mobile device: For example, a mobiledevice may include an iPhone, iPod, iPad from Apple® or any other mobiledevice running Apple's iOS operating system, any device running Google'sAndroid® operating system, including for example, Google's wearabledevice, Google Glass, any device running Microsoft's Windows® Mobileoperating system, and/or any other smartphone or like wearable mobiledevice.

Network 204 may be one or more of a wireless network, a wired network,or any combination of a wireless network and a wired network. Forexample, network 204 may include one or more of a fiber optics network,a passive optical network, a cable network, an Internet network, asatellite network, a wireless LAN, a Global System for MobileCommunication (GSM), a Personal Communication Service (PCS), a PersonalArea Networks, (PAN), D-AMPS, Wi-Fi, Fixed Wireless Data, IEEE 802.11b,802.15.1, 802.11n, and 802.11g or any other wired or wireless networkfor transmitting and receiving a data signal.

In addition, network 204 may include, without limitation, telephonelines, fiber optics, IEEE Ethernet 902.3, a wide area network (WAN), alocal area network (LAN) or a global network such as the Internet. Also,network 204 may support an Internet network, a wireless communicationnetwork, a cellular network, or the like, or any combination thereof.Network 204 may further include one network, or any number of exampletypes of networks mentioned above, operating as a stand-alone network orin cooperation with each other. Network 204 may utilize one or moreprotocols of one or more network elements to which they arecommunicatively couples. Network 204 may translate to or from otherprotocols to one or more protocols of network devices. Although network204 is depicted as a single network, it should be appreciated thataccording to one or more embodiments, network 204 may comprise aplurality of interconnected networks, such as, for example, theInternet, a service provider's network, a cable television network,corporate networks, and home networks.

Front-end controlled domain 206 may be implemented to to providesecurity for backend 218. Load balancer(s) 208 may distribute workloadsacross multiple computing resources, such as, for example computers, acomputer cluster, network links, central processing units or diskdrives. In various embodiments, load balancer(s) 210 may distributeworkloads across, for example, web server(S) 216 and/or backend 218systems. Load balancing aims to optimize resource use, maximizethroughput, minimize response time, and avoid overload of any one of theresources. Using multiple components with load balancing instead of asingle component may increase reliability through redundancy. Loadbalancing is usually provided by dedicated software or hardware, such asa multilayer switch or a Domain Name System (DNS) server process.

Load balancer(s) 208 may include software that monitoring the port whereexternal clients, such as, for example, client device 202, connect toaccess various services of a financial institution, for example. Loadbalancer(s) 208 may forward requests to one of the application servers216 and/or backend 218 servers, which may then reply to load balancer208. This may allow load balancer(s) 208 to reply to client device 202without client device 202 ever knowing about the internal separation offunctions. It also may prevent client devices from contacting backendservers directly, which may have security benefits by hiding thestructure of the internal network and preventing attacks on backend 218or unrelated services running on other ports, for example.

A variety of scheduling algorithms may be used by load balancer(s) 208to determine which backend server to send a request to. Simplealgorithms may include, for example, random choice or round robin. Loadbalancers 208 also may account for additional factors, such as aserver's reported load, recent response times, up/down status(determined by a monitoring poll of some kind), number of activeconnections, geographic location, capabilities, or how much traffic ithas recently been assigned.

Load balancers 208 may be implemented in hardware and/or software. Loadbalancer(s) 208 may implement numerous features, including, withoutlimitation: asymmetric loading; Priority activation: SSL Offload andAcceleration; Distributed Denial of Service (DDoS) attack protection;HTTP compression; TCP offloading; TCP buffering; direct server return;health checking; HTTP caching; content filtering; HTTP security;priority queuing; rate shaping; content-aware switching; clientauthentication; programmatic traffic manipulation; firewall; intrusionprevention systems.

Web server(s) 210 may include hardware (e.g., one or more computers)and/or software (e.g., one or more applications) that deliver webcontent that can be accessed by, for example a client device (e.g.,client device A 02) through a network (e.g., network 204), such as theInternet. In various examples, web servers, may deliver web pages,relating to, for example, 0

online banking applications and the like, to clients (e.g., clientdevice 202). Web server(s) 210 may use, for example, a hypertexttransfer protocol (HTTP or sHTTP) to communicate with client device 202.The web pages delivered to client device may include, for example, HTMLdocuments, which may include images, style sheets and scripts inaddition to text content. [0038] A user agent, such as, for example, aweb browser, web crawler, or native mobile application, may initiatecommunication by making a request for a specific resource using HTTP andweb server 210 may respond with the content of that resource or an errormessage if unable to do so. The resource may be, for example a file onstored on backend 218. Web server(s) 210 also may enable or facilitatereceiving content from client device 202 so client device A02 may beable to, for example, submit web forms, including uploading of files.

Web server(s) also may support server-side scripting using, for example,Active Server Pages (ASP), PHP, or other scripting languages.Accordingly, the behavior of web server(s) 210 can be scripted inseparate files, while the actual server software remains unchanged.

Load balancers 214 may be similar to load balancers 208 as describedabove.

Application server(s) 216 may include hardware and/or software that isdedicated to the efficient execution of procedures (e.g., programs,routines, scripts) for supporting its applied applications. Applicationserver(s) 216 may comprise one or more application server frameworks,including, for example, Java application servers (e.g., Java platform,Enterprise Edition (Java EE), the .NET framework from Microsoft®, PHPapplication servers, and the like). The various application serverframeworks may contain a comprehensive service layer model. Also,application server(s) 216 may act as a set of components accessible to,for example, a financial institution or other entity implementing system200, through an API defined by the platform itself. For Webapplications, these components may be performed in, for example, thesame running environment as web server(s) 210, and application servers216 may support the construction of dynamic pages. Application server(s)216 also may implement services, such as, for example, clustering,fail-over, and load-balancing. In various embodiments, where applicationserver(s) 216 are Java application servers, the web server(s) 216 maybehaves like an extended virtual machine for running applications,transparently handling connections to databases associated with backend218 on one side, and, connections to the Web client (e.g., client device202) on the other.

Backend 218 may include hardware and/or software that enables thebackend services of, for example, a financial institution or otherentity that maintains a distributes system similar to system 200. Forexample, backend 218 may include, a system of record, online bankingapplications, a rewards platform, a payments platform, a lendingplatform, including the various services associated with, for example,auto and home lending platforms, a statement processing platform, one ormore platforms that provide mobile services, one or more platforms thatprovide online services, a card provisioning platform, a general ledgersystem, and the like. Backend 218 may be associated with variousdatabases, including account databases that maintain, for example,customer account information, stored value card information includingkeys and passphrases associated with user-loaded stored value cards,content databases that store content associated with, for example, afinancial institution, and the like. Backend 218 also may enable keymanagement and deposits associated with user-loaded stored value cardsas described herein. Backend 218 also may be associated with one or moreservers that enable the various services provided by system 200.

FIG. 3 provides a method for implementing a user-loadable stored valuecard. At step 302, the method may start. At step 304, the institutionmay receive a secret key and a card activation request from a sender.The activation request may optionally contain all information necessaryto further process the transaction, including amount, key and passphraseinformation. The activation request may be received via, for example, anetwork whereby the sender inputs activation request information into aweb page and/or native mobile application associated with theinstitution.

At step 306, the institution may receive an amount to be loaded onto theuser-loadable stored value card and fund source information. Forexample, the fund source information may represent a customer's choiceof payment account. The amount information and fund source informationalso may be received via, for example, the network whereby the senderinputs the information into a web page and/or native mobile applicationassociated with the institution.

At step 308, the institution may activate the user-loadable stored valuecard. In activating the user-loadable stored value card, the institutionmay save the received information in a database associated with theinstitution. The institution also may notify the sender, via a network,that the user-loaded stored value card has been activated. For example,the institution may send an email, a message (e.g., a text message, pushnotification, and the like) and/or provide a notification via the webpage and/or native application.

At step 310, the institution may provide management capability to asender. For example, the institution may provide to the sender theoption to cancel the card and request the funds be returned to theiraccount. These management capabilities may be provided over a networkvia an interface such as a web page and/or native application thatallows the sender to log in to an account associated with theuser-loaded stored value card and manage various aspects of theuser-loaded stored value card.

At step 312, the institution may receive a redemption request via acomputer network. For example, the institution may receive a requestfrom the card recipient to redeem the card, including the key andoptionally, the passphrase. Upon receipt of the and any other relevantinformation, the institution may permit the recipient to deposit thecard, optionally using existing peer to peer payment systems to processthe deposit. The institution also may receive a redemption request froman authorization network as described below with respect to FIG. 5. Invarious embodiments, the key and passphrase may be sent as, for example,Track 3 data. The key and passphrase also may be sent via a mobiledevice associated with the recipient at the time of the redemptionrequest. For example, the institution may receive a request from thecard recipient to redeem the card via an authorization network, thentransmit a prompt to a mobile device of the recipient for the key andpassphrase, receive the key and passphrase from the recipient, and thenauthorize the transaction.

FIG. 4 illustrates an embodiment of the user-loadable stored value card.The user-loadable stored value card may have a front side 400 and a backside 402. Front side 400 may have a top half 420 and a bottom half 422.Top half 420 may provide instructions to a potential sender. Bottom half422 may provide instructions to the recipient of a card.

Back side 402 may have a top half 424 and a bottom half 426. Top half424 may contain a sent to field 404. The sender may enter the name orother identifying information of the recipient of the card. Top half 424may contain an amount field 406. The sender may enter the desired amountto send in amount field 406. Top half 424 may contain an optionalpassphrase field 408. A sender may enter an optional passphrase intooptional passphrase field 408. The optional passphrase may be, forexample and not by way of limitation, an alphanumeric code that sendermay communicate to receiver verbally or via one or more computers. Tophalf 424 may contain a key field 410. Key field 410 may contain a secretkey covered with a scratch off coating.

Bottom half 426 may contain a from field 412. The from field 412 maycontain the name of the sender or other party responsible for the funds.Bottom half 426 may contain an amount field 414. Amount field 414 maycontain the amount of funds sent by the sender. Bottom half 426 maycontain a note field 416. The note field 416 may contain an optionalmessage entered by the sender (e.g. “Happy Birthday” or “July rentpayment”). Bottom half 426 may contain a key field 418. Key field 418may contain a secret key represented as an alphanumeric code, barcode,QR code or similar machine readable format covered with a scratch offcoating. [0051] FIG. 5 illustrates an example system 500 and method forcard authorization. In various embodiments, system 500 may enablerecipients to redeem value from a user-loaded stored value card at, forexample, a merchant. In various embodiments using system 500, the keysand passphrases described herein may be transmitted as, for example,track 3 data within an authorization network. As shown and described inFigure D, merchants, cardholders and financial institutions may beconnected with a card association network to enable secure transactionsand timely payments. System 500 may include a cardholder 502, merchant504, Acquirer 510, Association/Interchange 516, and card issuer 518.

Cardholder 502 may be any card holder, including a credit card holder,debit card holder, stored value card holder and the like. Cardholder 502may possess a plastic card or carry a device (e.g., a mobile device)that securely stores card credentials and is capable of transmitting thecard credentials to, for example, a PoS terminal (e.g., terminal 506).Cardholder 502 may interact with a merchant (e.g., merchant 504) bypresenting a card or card credentials to a terminal (e.g., terminal506).

Merchant 504 may be any merchant that accepts payment from a cardholder,for example. Merchant 504 may be any retailer, service provider,business entity, or individual that accepts payments. Merchant 504 mayinclude software, firmware and hardware for accepting and/or processingpayments. For example, as illustrated in Figure D, merchant 504 mayinclude a terminal 506 and a payment gateway 508. Terminal 506 andpayment gateway 508 may comprise the physical or virtual device(s) usedby merchant 504 to communicate information to front-end processor 512 ofacquirer 510. Terminal 506 may be similar to PoS system [Y00] as shownand described in Figure Y. In various embodiments, payment gateway 508may be an e-commerce application service provider service thatauthorizes payments for merchants. As such, payment gateway 508 may be avirtual equivalent of a PoS terminal and interface with, for example, abilling system of merchant 504 and pass data to front-end processor 512of acquirer 510.

Acquirer 510 may be, for example, a financial institution or bank, thatholds the contract for providing payment processing services to merchant504. Merchant 504 may have a merchant account that may serve as acontract under which Acquirer 510 may extend a line of credit to amerchant who wishes to accept, for example, credit card transactions. Asshown in Figure D, Acquirer 510 may be associated with front-endprocessor 512 and back-end processor 514.

In various examples, front-end processor 512 may be a platform that cardterminal 506 and/or payment gateway 508 communicate with when approvinga transaction. Front-end processor 512 may include hardware, firmware,and software to process transactions. Front-end processor 512 may beresponsible for the authorization and capture portion of credit cardtransaction. Front-end processor 512 also may include additionalfront-end platform interconnections to support, for example, ACH anddebit transactions.

Backend processor 514 may be a platform that takes captured transactionsfrom front-end processor 512 and settles them through an Interchangesystem (e.g., association/interchange 516). Back-end processor 514 maygenerate, for example, daily ACH files for merchant settlement. Back-endprocessor 514 also may handle chargeback handling, retrieval request andmonthly statements.

Association/interchange 516 may be the consumer payment system whosemembers are the financial institutions that issue payment cards and/orsign merchant to accept payment cards. Example associations/interchanges516 may include, Visa®, MasterCard®, and AmericanExpress®.Association/interchange 516 may include one or more computer systems andnetworks to process transactions.

Issuer 518 may be a financial institution that issues payment cards andmaintains a contract with cardholders for repayment. In variousembodiments, issuer 518 may issue credit, debit, and/or stored valuecards, for example. Example issuers may include, Capital One, Bank ofAmerica, Citibank, and the like.

In various embodiments, processing a payment card transaction mayinvolves two stages: (1) authorization and (2) clearing and settlement.Authorization may refer to an electronic request that is sent throughvarious parties to either approve or decline the transaction. Clearingand Settlement may refer to settlement of the parties' settle accountsto enable the parties to get paid.

During authorization, cardholder 502 may present payment card as payment(501A) at merchant 504 PoS terminal 506, for example. Merchant 504 mayenter card into a physical PoS terminal 506 or submit a credit cardtransaction to a payment gateway 508 on behalf of cardholder 502 viasecure connection from a Web site, retail location, or a wirelessdevice.

Payment gateway 508 may receive the secure transaction information(503A) and may pass the secure transaction information (505A) via asecure connection to the merchant acquirer's 510 front-end processor512.

Front-end processor 512 may submit the transaction (507A) toassociation/interchange 516 (e.g., a network of financial entities thatcommunicate to manage the processing, clearing and settlement of creditcard transactions). Association/interchange 516 may route thetransaction (509A) to the customer's Issuer 518. Issuer 518 may approveor decline the transaction and passes the transaction results back(511A) through association/interchange 516. Association/interchange thenmay relay the transaction results (513A) to front-end processor 512.

Front-end processor 512 may relay the transaction results (515A) back tothe payment gateway 508 and/or terminal 506. Payment gateway 508 maystore the transaction results and sends them to merchant 504. Merchant504 may receive the authorization response and complete the transactionaccordingly.

During settlement, merchant 504 may deposit the transaction receipt(521S) with acquirer 510 via, for example, a settlement batch. Capturedauthorizations may be passed (523S) from front-end processor 512 to theback-end processor 514 for settlement. Back-end processor may generatesACH files for merchant settlement. Acquirer may submit settlement files(525S, 527S) to Issuer 518 for reimbursement via association/interchange516. Issuer 518 may post the transaction and pay merchant 504 (529S,531S, 533S).

It is further noted that the systems and methods described herein may betangibly embodied in one of more physical media, such as, but notlimited to, a compact disc (CD), a digital versatile disc (DVD), afloppy disk, a hard drive, read only memory (ROM), random access memory(RAM), as well as other physical media capable of storing software, orcombinations thereof. Moreover, the figures illustrate variouscomponents (e.g., servers, computers, processors, etc.) separately. Thefunctions described as being performed at various components may beperformed at other components, and the various components bay becombined or separated. Other modifications also may be made.

In the preceding specification, various preferred embodiments have beendescribed with references to the accompanying drawings. It will,however, be evident that various modifications and changes may be madethereto, and additional embodiments may be implemented, withoutdeparting from the broader scope of the invention as set forth in theclaims that follow. The specification and drawings are accordingly to beregarded as an illustrative rather than restrictive sense.

What is claimed is:
 1. A system comprising: one or more computerprocessors; and a memory in communication with the one or moreprocessors and storing instructions that, when executed by the one ormore processors, are configured to cause the system to: receive, from asender, a load request for an amount of money to be loaded onto auser-loadable stored value card, the load request comprising a uniquesender key associated with the user-loadable stored value card,identifying information of a recipient, and a passphrase defined by thesender; load the user-loadable stored value card with the amount ofmoney based on the load request based on the sender key; receive, fromthe recipient, an activation request to redeem the user-loadable storedvalue card, the activation request comprising a unique recipient keyassociated with the user-loadable stored value card and the passphrasedefined by the sender, wherein the unique recipient key is differentfrom, but paired to, the unique sender key; and process the activationrequest to automatically activate the user-loadable stored value cardbased on determining that the recipient key is paired with the senderkey and the passphrase received in the load request is the same as thepassphrase received in the activation request.
 2. The system of claim 1,wherein the load request is transmitted by the sender directly to afinancial service provider associated with the one or more computerprocessors.
 3. The system of claim 1, wherein the sender is an accountholder with a financial service provider.
 4. The system of claim 1,wherein the recipient key is represented by a QR code.
 5. The system ofclaim 1, wherein the user-loadable stored value card comprises a firstsender part and a second recipient part, wherein the first sender partis detachable from the second recipient part, and wherein the firstsender part comprises the sender key associated with the load request,and the second recipient part comprises the recipient key associatedwith the activation request.
 6. The system of claim 1, wherein theuser-loadable stored value card has no associated value before it isloaded.
 7. The system of claim 1, wherein the sender key is representedby a QR code.
 8. The system of claim 1, wherein the sender key and therecipient key are concealed by a scratch off coating.
 9. The system ofclaim 1, wherein the amount of money loaded on the user-loadable storedvalue card is revocable by the sender and when the amount of money isrevoked by the sender, the amount of money is transmitted to a senderfund source associated with the sender.
 10. A method, comprising:receiving, by one or more computer processors, a load request for anamount of money to be loaded onto a user-loadable stored value card froma sender fund source associated with a sender, the load requestcomprising a sender key associated with the user-loadable stored valuecard, a sender-defined passphrase, and identifying information of arecipient; loading, by the one or more computer processors, theuser-loadable stored value card with the amount of money based on theload request by enabling a funds transfer from the sender fund sourcebased on the sender key; receiving, via a user device associated withthe recipient, an activation request to redeem the user-loadable storedvalue card, the activation request comprising a recipient key and apassphrase entry; and processing, by the one or more computerprocessors, the activation request to automatically activate theuser-loadable stored value card based on determining that the recipientkey is paired with the sender key and the passphrase entry matches thesender-defined passphrase.
 11. The method of claim 10, wherein theuser-loadable stored value card includes a first and second part beingpresented to the sender, the second part being presented to therecipient.
 12. The method of claim 11, wherein the load request istransmitted by the sender directly to a financial service providerassociated with the one or more processors, and the sender is an accountholder with the financial service provider.
 13. The method of claim 10,wherein the activation request further comprises the amount specified inthe load request.
 14. The method of claim 10, wherein the user-loadablestored value card comprises a first sender part and a second recipientpart, wherein the first sender part is detachable from the secondrecipient part, and wherein the first sender part comprises the senderkey associated with the load request, and the second recipient partcomprises the recipient key associated with the activation request. 15.The method of claim 10, wherein the user-loadable stored value card hasno associated value before it is loaded.
 16. The method of claim 10,wherein the activation request is received from a web page or mobileapplication.
 17. The method of claim 10, wherein the load request isreceived from a web page or mobile application.
 18. The method of claim10, wherein the amount of money loaded on the user-loadable stored valuecard is revocable by the sender.
 19. A system, comprising: one or morecomputer processors; and a memory in communication with the one or moreprocessors and storing instructions that, when executed by the one ormore processors, are configured to cause the system to: receive, from asender device associated with a sender, an activation request for auser-loadable stored value card and an activation key associated withthe activation request; activate the user-loadable stored value cardbased on the activation request; receive, via a recipient user deviceassociated with a recipient of the user-loadable stored value card, aredemption request, the redemption request being associated with aredemption key associated with the user-loadable stored value card; andprocess the redemption request to automatically enable funds transferfrom a fund source of the sender responsive to determining that theredemption key is previously paired with the activation key.
 20. Thesystem of claim 19, wherein the memory stores further instructions thatwhen executed by the one or more processors, are configured to cause thesystem to: receive an amount to be loaded onto the user-loadable storedvalue card, wherein the user-loadable stored value card is activatedbased on the amount to be loaded onto the user-loadable stored valuecard and the activation request.